Titan says it's a very fast-growing company specializing in artist management, record production and music distribution, among other pursuits. The company also runs a "Titan Tunes" Web site, which it plans to expand into a "Titan Universe" site with video and other media downloads. The Omni device will integrate with its media portals, the company says.

The Omni is positioned as a more feature-laden, lower-cost alternative to Apple's iPod Video product.